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Day: February 27, 2017
February 272017
Euro Climbs as Polls Show Lead of Macron Over Le Pen in French Elections
The euro climbed today after concerns about the outcome of the French presidential elections eased while economic data released from Europe during the trading session was decent enough to avoid hurting the currency. Polls showed that centrist candidate Emmanuel Macron has a lead over far-right anti-EU candidate Marine Le Pen. Considering that a victory of Le Pen, who has extreme plans of leaving the European Union, would […]
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February 272017
Euro Climbs as Polls Show Lead of Macron Over Le Pen in French Elections
The euro climbed today after concerns about the outcome of the French presidential elections eased while economic data released from Europe during the trading session was decent enough to avoid hurting the currency. Polls showed that centrist candidate Emmanuel Macron has a lead over far-right anti-EU candidate Marine Le Pen. Considering that a victory of Le Pen, who has extreme plans of leaving the European Union, would […]
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February 272017
Sold to Another Broker?
So many customer base transfers happened in the USA during the last few years — either through the normal merger & acquisition process or due to the exit sale. There should be quite a lot of Forex traders who have felt on their own account what is it like to be transferred to another company. The most recent example being the retail clients of FXCM that have been moved to Gain Capital […]
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February 272017
Japanese Yen Edges Lower Against US Dollar Ahead of Retail Sales Data
The Japanese yen edged lower against the US dollar on Monday, after moving in and out of the negative territory multiple times today. Traders are keeping a close eye on two economic releases in Japan that are due to be released today, which could lend the yen more support. Japanâs Ministry of Economy, Trade, and Industry will release its preliminary reading for industrial production in January today, along with its report […]
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February 272017
Japanese Yen Edges Lower Against US Dollar Ahead of Retail Sales Data
The Japanese yen edged lower against the US dollar on Monday, after moving in and out of the negative territory multiple times today. Traders are keeping a close eye on two economic releases in Japan that are due to be released today, which could lend the yen more support. Japanâs Ministry of Economy, Trade, and Industry will release its preliminary reading for industrial production in January today, along with its report […]
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February 272017
EUR/USD Moves to Upside After Unimpressive US Data
EUR/USD rallied today, boosted by poor economic data released from the United States during the trading session. Pending home sales fell unexpectedly, and core durable goods orders dropped as well (even though the headline figure actually increased). Meanwhile, concerns caused by the French presidential elections eased as polls showed that centrist candidate Emmanuel Macron had a lead over far-rightanti-EU candidate Marine Le Pen. Now, traders […]
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February 272017
Canadian Dollar Fluctuates on Weak Demand Ahead of BoC Decision, Despite Higher Oil Prices
The Canadian dollar failed to move higher against its major peers on Monday, even as higher oil prices initially supported the currency. Demand for the loonie was weak today as traders held their positions ahead of an interest rate decision that the Bank of Canada will announce in two days. The Canadian central bank is widely expected to keep its interest rates unchanged at 0.50% when it announces its decision at 15:00 […]
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February 272017
Canadian Dollar Fluctuates on Weak Demand Ahead of BoC Decision, Despite Higher Oil Prices
The Canadian dollar failed to move higher against its major peers on Monday, even as higher oil prices initially supported the currency. Demand for the loonie was weak today as traders held their positions ahead of an interest rate decision that the Bank of Canada will announce in two days. The Canadian central bank is widely expected to keep its interest rates unchanged at 0.50% when it announces its decision at 15:00 […]
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February 272017
US Dollar Tumbles on Mixed Economic Releases as Markets Await Trump Speech
The US dollar today declined against its main rivals even as economic releases indicated that durable goods orders rose, while core orders declined. The pending home sales for January declined, while the Dallas Fed Manufacturing Business Index rose. However, the positive economic releases could not boost the US dollar as investors remained cautious awaiting Trump’s speech. The US Dollar Index, which tracks the greenback’s performance against […]
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February 272017
US Dollar Tumbles on Mixed Economic Releases as Markets Await Trump Speech
The US dollar today declined against its main rivals even as economic releases indicated that durable goods orders rose, while core orders declined. The pending home sales for January declined, while the Dallas Fed Manufacturing Business Index rose. However, the positive economic releases could not boost the US dollar as investors remained cautious awaiting Trump’s speech. The US Dollar Index, which tracks the greenback’s performance against […]
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